Legal and General completes US investment firm deal
20th May 2014 07:10
Legal and General said it has completed the acquisition of Global Index Advisors, boosting the UK insurer's foothold in the US pension market. The deal, by Legal and General Investment Management America (LGIMA), is for an initial payment of $30.75m with deferred consideration of $1.5m payable ove
Read moreEveryman Media Group non-exec stocks up
14th May 2014 15:49
Independent cinema group Everyman Media Group on Wednesday announced Michael Rosehill, a non-executive director, had bought a round of shares worth 13,069 pounds. Rosehill paid 91p for each of the 14,362 shares. The group, which listed on AIM in November last year, posted a 27% increase in annua
Read moreThursday broker round-up UPDATE
8th May 2014 08:40
Anglo American: Deutsche Bank ups target price from 1510p to 1550p and retains a hold recommendation. Balfour Beatty: Berenberg reduces target price from 350p to 290p and keeps a buy recommendation. BBA Aviation: JP Morgan cuts target price from 386p to 369p retaining an overweight rating. Bodyco
Read moreLondon close: Stocks nearly flat after Putin and OSCE Chairman meet
7th May 2014 16:59
- FTSE closes down 2.12 points at 6,796.44 - Kantar data pushes supermarkets lower - Ukraine situation eases slightly techMARK 2,790.92 -0.04% FTSE 100 6,796.44 -0.03% FTSE 250 15,881.95 -0.36% UK markets ended today's session broadly flat as investors digested a raft of corporate updates, poor re
Read moreFTSE 100 movers: Experian leads downside, ex-divi stocks weigh
7th May 2014 15:31
Experian disappointed with its outlook statement as it said it faces 'a number of one-off headwinds' that will constrain growth in the first half. After going ex-dividend, Morrison led the supermarket sector lower, dragged further into the red by a report from Kantar which showed industry growth i
Read moreLondon midday: Stocks slip on mixed earnings, Ukraine tensions
7th May 2014 11:57
- Markets give mixed reaction to corporate earnings - Ukraine tensions continue to rise - Investors nervous ahead of Yellen speech techMARK 2,783.30 -0.31% FTSE 100 6,773.54 -0.37% FTSE 250 15,890.46 -0.30% A flurry of mixed corporate earnings pushed UK markets lower on Wednesday morning, while in
Read moreLondon open: Ukraine concerns dampen stocks early on
7th May 2014 09:25
- L&G, G4S, Sainsbury and ITV lead risers - WM Morrison, ex-div stock provide a drag - Ukraine tensions continue to rise - Markets nervous ahead of Yellen speech techMARK 2,784.08 -0.29% FTSE 100 6,774.00 -0.36% FTSE 250 15,870.07 -0.43% Ongoing tensions in Ukraine and a host of mixed corporate ea
Read moreLondon open: Ukraine concerns dampen markets early on
7th May 2014 08:24
- L&G, G4S, Sainsbury and ITV lead risers - WM Morrison, ex-div stock provide a drag - Ukraine tensions continue to rise - Markets nervous ahead of Yellen speech techMARK 2,785.10 -0.25% FTSE 100 6,779.09 -0.29% FTSE 250 15,870.62 -0.43% Ongoing tensions in Ukraine and a host of mixed corporate ea
Read moreLegal & General posts punchy results with AUM at record high
7th May 2014 08:08
- AUM up five per cent - Net cash up 21 per cent to record high - Operating cash up six per cent to record high A bullish Legal & General posted record first-quarter results, with cash flowing strongly and assets under management (AuM) at an all-time high. Thanks to net flows of £3.8bn in the qua
Read moreLondon close: FTSE higher on GDP data, reports of Russian pull-back
29th Apr 2014 16:59
- FTSE closes up 69.75 points at 6,769.91 - Q1 GDP rises 0.8 per cent - Tensions ease in Eastern Europe techMARK 2,791.25 +0.74% FTSE 100 6,769.91 +1.04% FTSE 250 15,896.64 +0.44% It was an upbeat finish for UK stocks today, with financial companies leading the way on the back of strong UK gross d
Read moreFTSE 100 movers: BG Group regains lost ground, financial stocks rise
29th Apr 2014 15:20
Gas giant BG Group clawed back some of yesterday's heavy losses which came after it delivered a double blow to investors, announcing the departure of Chief Executive Chris Finlayson and warned its 2014 production levels would be at the lower end of expectations due to challenges in Egypt. Financia
Read moreLondon midday: Stocks inch lower on mixed data and earnings
23rd Apr 2014 11:37
- AB Foods jumps, ARM and Sports Direct fall - UK borrowing falls more than expected - Chinese manufacturing still in contraction - Eurozone business activity improves techMARK 2,740.84 +0.09% FTSE 100 6,670.05 -0.18% FTSE 250 15,991.94 -0.56% UK stocks pulled back from a three-week high on Wednes
Read moreLondon open: Stocks edge higher, AB Foods jumps on Primark expansion
23rd Apr 2014 08:40
- AB Foods jumps on Primark expansion plans - Stocks rise, but upside limited - BoE minutes, economic data ahead - Chinese manufacturing PMI contracts again techMARK 2,749.64 +0.41% FTSE 100 6,688.65 +0.10% FTSE 250 16,067.20 -0.09% UK stocks edged higher on Wednesday morning with Primark owner As
Read moreBroker tips: Imperial Tobacco, Legal & General, GlaxoSmithKline...
17th Apr 2014 13:13
Goldman Sachs has removed Imperial Tobacco from its 'Conviction List', saying it sees less potential upside from current levels. Nevertheless, the bank kept its 'buy' recommendation and 2,780p target price. Since being added to the Conviction List at the end of January, the stock has gained nearly
Read moreLegal & General the top pick in changing UK life insurance sector, says Berenberg
17th Apr 2014 12:51
Berenberg has said that Legal & General remains its 'preferred play' in the life insurance sector following the recent major shake-up of the annuity and savings markets in the UK. The broker called it a "brave new world" for the industry which will be transformed by the end of quasi-compulsory annu
Read more